Enterprise Value Valuation-BYD as an Example Based on SWOT Model and Multiple Regression Model

BYD is one of the largest new energy vehicle companies in China.Analyzing its scenario and the factors that affect its value helps to understand and identify development opportunities and potential problems.On one hand,this paper makes a qualitative analysis of BYD,using SWOT model to study the internal capability and external environment of BYD.On the other hand,the multiple regression model is used for quantitative analysis of BYD’s enterprise value,and the model is established based on three factors:enterprise fundamentals,investor behavior and psychology,and macroeconomic policy uncertainty,and the stepwise regression is carried out.The results show that the increase of institutional investors’shareholding ratio,the increase of investor sentiment index,and the increase of M2 growth rate will increase the overall enterprise value,while the increase of economic policy uncertainty will decrease the enterprise value.

Profit Allocation Scheme among Partners in Virtual Enterprises Based on Fuzzy Shapley Values

Fuzzy Shapley values are developed based on classical Shapley values and used to allocate profit among partners in virtual enterprises （VE）. Axioms of the classical Shapley value are extended to Shapley values with fuzzy payoffs by using fuzzy sets theory. Fuzzy Shapley function is defined based on these extended axioms. From the viewpoint the allocation for each partner should be a crisp value rather a fuzzy membership function at the end of cooperation, a crisp allocation scheme based on fuzzy Shapley values is proposed.

Strategic Deviance,Customer Concentration and Enterprise Value——A Case Study of Agricultural Listed Enterprises

From the perspective of strategy,this paper uses A-share agricultural listed companies( 2011-2016) as samples to study the impact of strategic deviance on enterprise value,to explore whether customer concentration plays a mediating effect. The results show that customer concentration plays a mediating effect in the relationship between strategic deviance and enterprise value. The strategic deviance is positively correlated with customer concentration and negatively correlated with enterprise value. The management of agricultural enterprises must pay attention to the customer relationship problems caused by strategic deviance,reduce the risk of enterprises,and gradually enhance the value of enterprises.

Jiangsu's Top Enterprises with Import and Export Value of More Than US$ 200 Million in 1995

Name of the Enterprise1. Jiangsu Overseas Enterprises (Group) Co. Ltd2. Yizheng Chemical Fibers Co. Ltd3. Jiangsu Silk Products Imp. & Exp. (Group) Co. Ltd4. Jiangsu Garments Imp. & Exp. (Group) Co. Ltd5. Zhangjiagang Foreign Trading Company6. Jiangsu Textiles Imp. & Exp. (Group) Co.

Evaluation System for High-tech Enterprises'Value Based on Empirical Analysis in China

High-tech industry has become the strategic and leading industry of the national economic and social development, and it is also the main driving force for economic growth and social progress in China. It is necessary to redefine the composition of high-tech enterprises'value and thus find the ways to maximize their value. This paper attempted to address the following set of questions: 1. What are the value drivers and how do they affect high-tech enterprises'value? 2. How to establish the value appraisal measure system of high-tech enterprise?

The value-added of industrial enterprises above designated size increases by 3.9%in April 2020

In April,the actual value added of the industrial enterprises above designated size increased by 3.9%yearon-year(the growth rate of the following value added is the actual growth rate after deducting price factors),and it decreased by 1.1%last month.

Developing Statistical Modellings to Investigate the Internal Drivers for the Trend of Output Values in the Manufacturing Industry:Evidence from Chinese Enterprises

The manufacturing industry is an important pillar of the national economy.It is of vital importance to develop statistical modellings in order to quantify the relationship between potential internal drivers and the trend of output values in the manufacturing industry.However,only a few statistical modellings have been established to investigate such associations.This study developed the correlation coefficient model and generalized linear model(GLM)to measure the single and interactive effects of the internal drivers on the changes of the output values.For the GLM,different predictive variables were developed to fit into the dataset,and the performance of the models were compared using fitness parameters.Furthermore,an industry survey dataset for 1,180 manufacturing enterprises in 2020 was used to validate the models.The use of the GLM combining land area,number of employees,scientific research input,and labor productivity may have a great potential to bolster capacity in monitoring and predicting the trend of output values in the manufacture industry.

Biochemical Composition and Nutritional Value of Different Shell Color Strains of Pacific Oyster Crassostrea gigas

The shell color of Pacific oyster(Crassostrea gigas) is a desirable trait; but the nutritional studies on C. gigas with different shell colors have not been conducted. Through successive selective breeding, five shell color strains of black(B), purple(P), orange(O), golden(G) and white(W) C. gigas have been developed. The aim of this study was to evaluate the chemical composition and nutritional value of five shell color strains and one commercial population with a common color. The biochemical composition including moisture, total protein, glycogen, ash, total fat, fatty acids(FA), amino acids and minerals was detected. The results indicated that the protein(50.76%–56.57%) was the major component. The content of glycogen showed a significant difference between orange shell and golden shell strains, as well as between commercial population and golden shell strain. In addition, all shell color strains contained a large amount of essential amino acids(12.20–14.15 g(100 g)^(-1)), of them leucine(2.81–3.29 g(100 g)^(-1)) and lysine(2.79–3.28 g(100 g)^(-1)) were predominant. The oysters were rich in polyunsaturated fatty acids(42.26%–45.24% of total fatty acid) with high levels of DHA(18.53%–21.16% of total fatty acid) and EPA(17.23%–18.68% of total fatty acid). Significant differences of mineral contents(Mg, Zn, Fe and Cu) were identified among the six populations. These results indicated that C. gigas with different shell colors presented rich nutritional value with high protein, glycogen, essential amino acids and polyunsaturated fatty acids. The biochemical composition obtained in this study is useful for selective breeding of C. gigas with different shell colors.

Chemical Composition and Nutritive Value of Ramie Plant [Boehmeria nivea （L.） Gaud] and Its By-Products from the Textile Industry as Feed for Ruminants

In order to verify the possible use of ramie as feed for ruminants, a study was undertaken on the chemical and nutritional evaluation of different parts of this plant. Four stocks of samples picked up in two different periods （summer and autumn） were analyzed. The standard chemical composition was determined on the whole plant and on its parts, the study was particularly focused on leaves and tops, not used in fibre production and available as livestock feed. Organic matter enzymic digestibility （OMD） was determined on all the samples by a double step method based on cellnlolytic andproteolytic enzymes. The chemical analysis showed good crude proteins content in leaves, tops and whole plant： 17.00 ~ 1.52%, 15.25 ~ 0.77% and 11.79 ~ 3.32% on dry matter （DM） basis respectively and good acid （ADF） and neutral （NDF） detergent fibre fractions. Lignin and ash resulted high in all plant parts and organic matter （OM） was consequently low, ash analysis showed high calcium concentration, especially in leaves, with values exceeding 4% of din, whereas the other micro （except the lead） and macroelements were in a normal range. OMD and energy values resulted poor in leaves, tops and in the whole plant and lower than the other forages commonly used as feed for runninants, thus the utilisation of ramie plant and its by-products requests further investigations.

Booming or sinking: How does an emission trading scheme affect enterprise value?

Unlike prior research that shows climate policy improves enterprise value,this study reveals the negative im‐pact of emission trading schemes(ETSs)on enterprise value under China’s unique institutional backdrop and identifies the mechanism through which this impact occurs.Data from a sample of 1267 listed companies in the Chinese stock market from 2005 to 2018 models are analyzed using difference-in-differences(DID)and propensity score matching methods(PSM).The results suggest that ETSs have an average short-term negative impact on enterprise value,which peaks in the second year of the ETS and diminishes from the fourth year.Further analysis reveals that ETSs did not cause significant operating losses for firms but reduced their value through the market response mechanism.ETS enterprises experienced significant declines in their annual stock transaction amounts and in returns on individual shares.This indicates that investors expect ETSs to ad‐versely affect pilot enterprises and accordingly adopt disinvestment strategies.Despite the short-term negative effect,ETSs effectively encourage enterprises to innovate green technologies to mitigate long-term carbon risk.

Composition Operators with Linear Fractional Symbols on Vector-Valued Bergman Spaces

Let φ and ψ be linear fractional self\|maps of the unit disk D and X a separable Hilbert space. In this paper we completely characterize the weak compactness of the product operators of a composition operation C φ with another one's adjoint C * ψ on the vector\|valued Bergman space B 1(X) for forms C φC * ψ and C * ψC φ.

Value Composition and Optimal Utilization of Religious Cultural Landscape Resources

Multiple value structure of religious cultural landscape resources influences and determines development and regulation of cultural landscape resources. In the multiple value structure consisting of cultural inheritance, spiritual needs, industrial expansion, leisure and entertainment, development and utilization of religious cultural landscape resources should adhere to scientific classification, relatively independent policy orientation, make and implement specific countermeasures, so as to meet various requirements of the public and other relevant subjects using more refined and improved policy measures, and to realize the optimal utilization and comprehensive value of religious cultural landscapes.

Analysis on the Effective Management and Enterprise Value Based on Employee and Customer Value

Value is the internal driving force for any corporate to obtain profits. The key issue of making profit lies on whether the corporate can truly appreciate the needs and combination of stakeholders＇ value, and establish a successful management of value exchange system. This paper starts with the theories of the employee and customer value measurement and management, followed by the value exchange system of employee-customer-organization. Therefore, it explains the status and role of employee-customer-organization in terms of value exchange. This work concludes that customers＇ satisfaction is determined by employees＇ satisfaction, and on that basis, customers would provide the promoted value to the organization.

INTERSECTION POINT RULE OF THE RETENTION VALUE AND MOBILE PHASE COMPOSITION OF THE HOMOLOGUES IN REVERSED-PHASE HIGH-PERFORMANCE LIQUID CHROMATOGRAPHY

Based on the intersection point rule of the retention value and normal boiling point of homologues in reversed-phase high-performance liquid chromatography(RPLC), the intersection point rule of the retention value of homologues and mobile phase composition has been derived, and was testified by a lot of experimental data from the literature. With this newly proposed equation, we can use the retention value of the compound in one mobile phase composition to predict its retention value in any other mobile phase composition. For fourteen groups of homologues in five mobile phase compositions on five Kinds of columns, the overall average absolute error of 721 data sets is 2.8%.

Effect of pH Value on Nano-Al_2O_3/Ni+Co Gradient Bionic Composite Coating by Electrodeposition

The metal and nano-ceramic composite coatings were formed on gray cast iron surface by electrodepositon method.The Ni-Co was used as metal matrix,and the nano-Al2O3 was chosen as second-phase particulates.The gradient structure of biology material was the model to avoid bad interface bonding and stress distribution,therefore the gradient composite coating was prepared.The morphology of composite coatings was flatter and the microstructure was more com-pact than the pure Ni-Co coatings.Effect of pH value on surface morphology was analyzed,which some microcracks appeared when pH value was greater than 5.The content of codeposition na-no-Al2O3 reached a maximum value at pH value of 3-4,at the same time the properties including mi-crohardness and wear-resistance were analyzed.The result indicated that the mirohardness reached a maximum value and the wear loss volume was less at pH value 3-4.

Composition of the Value of Tourism Creative Products under the Influence of Regional Culture

With the analysis of the influence of regional culture on the value of tourism creative products,the characteristics of the value of tourism creative products were studied,and the impact of regional culture on the composition and realization of the value was summarized. Thus, the general law of the influence of external factors on the product value could be drawn. Characteristics of the value of tourism creative products is contrasted to analyze the requirement motivation of consumers and to seek the ways of realization for products value with the influence of regional culture.The mathematical evaluation model was employed for evidence.Based on the model,the influencing factors of the value of different types of creative products were explored, which would provide theories and enlightenment for the co-creation and appreciation of creative products in the future.

Chemical Composition and Nutritive Value of Agro-Industrial By-Products in Ruminant Nutrition

This study was carried out to determine the chemical composition and in situ degradability of agro-industrial by-products found in Eritrea. Three categories of by-products were evaluated and were the milling industry (wheat bran;WB, short;WS, and middling;WM), brewery (brewers’ dry grain;BDG, hops;BDH, and yeast;BDY) and sesame cakes (sesame cake machine extracted;SCM and manually extracted;SCT). The dry matter (DM) varied between 88.46% in BDY to 92.39% in SCT. The lowest (P < 0.05) crude protein (CP) content was recorded in WM at 10.11% while the highest was from the BDY at 48.20%. The metabolisable energy (ME) value of the agro-industrial by-products ranged from 8.72 to 11.18 MJ per kg DM with the BDH recording the lowest value (P The sesame cakes (SCM and SCT) recorded higher values of 11.17 and 11.18 MJ per kg DM respectively. The SCT recorded the highest ash content at 10.93% followed by BDY at 10.16% with the least being obtained from WM at 2.48%. The ether extract and acid detergent lignin contents were generally low in all cases for all the by-products. Generally, the results indicated that there was no clear pattern in terms of nutrients content amongst the by-products. The in situ DM, organic matter (OM) and CP degradability differed amongst and within the sesame cakes, milling and brewery by-products. The wide variation in chemical composition, DM, OM, CP degradability, and ME obtained from this study offer farmers huge flexibility in formulating rations according to the productive performance of target animals.

Comparison of K_(IC) Values for SiC Whisker Reinforced Ceramic Composites Obtained by Using Various Methods

The fracture toughness (KIC) values determined by indentation microfracture method (IM ) for SiC whisker reinforced Al2O3 and ZrO2 based composites were calculated with different IM equations and compared with those obtained by singte edge notched beam (SENB) technique. Experimental results show that the KIC (IM) values calculated with different equations are quite different one from another. For composites without phase transformable components the KIC (IM) and KIC (SENB) values are practically on the same level, but for composites with phase transformable components (partially stabilized zirconia) the KIC (SENB) values are always higher than KIC (IM). This is because that the IM method can not reveal sensitively the toughening effect due to dynamic t-m transformation of ZrO2 as the SENB method does. The accuracy of the IM method depends on the Suitability of the IM equations and was evaluated for the materials used in this investigation. Two new IM equations are suggested with which the KIC (IM ) values can be obtained very close to KIC (SENB) values for composites having phase transformable components.

A New Mode of Enterprise Management -Value Enterprise Management

In the development of modern enterprises,the management mode is the main factor that determines the height of its development,so it is highly valued.The traditional management mode has many disadvantages,which can not comply with the development trend of the current market economy,which leads to the slow improvement of enterprise management level,which is not conducive to the operation and development of enterprises.The proposal of the concept of value-oriented enterprise management has become a new mode of enterprise management,which is helpful to speed up the reform process of enterprises and enhance their development vitality.Therefore,we should clarify the key points of the construction of the model and gradually improve the level of management.This paper analyzes the concept of value enterprise management,puts forward the application status and classification of value enterprise management model,and explores the construction strategy of value enterprise management model.

Empirical Research on Relationship between Corporate Brand Value and Apparel Market Sales Revenue of Apparel Enterprise

Among the existing researches on brand value,few of them focused on the demands of the companies in the clothing industry to brand value. There were three innovation points as follows: first of all,two key demands of apparel companies to existing brand value were summarized through investigation; then,the concept of rapid brand value evaluation and multi-dimensional factors( MDFs) was presented; finally,the relationship between apparel corporate brand value and the sales revenue in apparel market with the sales revenue was proven by empirical research.During the process of empirical study,the sales revenue data of 66 apparel enterprises domestic and abroad were collected,and the regression analysis has been done on the relationship between the corporate brand value and the apparel market sales revenue of apparel enterprise. The empirical research showed that they were positively correlated to each other. This conclusion presented a method of judging brand value development trend quickly by single indicator.